The Following Diagram Represents the Demand for Trips to a Local

question 32

Multiple Choice

The following diagram represents the demand for trips to a local swimming pool during the summer.If the city subsidizes the swimming pool so that swimming is free,consumer surplus will be:

• A) $0.
• B) $1,500.
• C) $11,250.
• D) $20,000.
• E) none of the above.

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Definitions:

Heterosexism

The assumption that all individuals and relationships are heterosexual.

Fundamental Attribution Error

The tendency to explain other people’s behavior as the result of personal, rather than situational, factors.

Reciprocity Principle

The rule that one should pay back in kind what one receives from others.

Friendship Standards

The criteria or expectations one sets for relationships with friends, often including traits like loyalty, trust, and mutual support.